For those who are trading with stat arb strategies, can any of you recommend some books to learn about this topic? Also, what is the typical trade duration for such strategies? What kind of software setup is required? Can this kind of strategies be implemented with a retail broker like IB or does it require much more sophisticated platform? I know some of you will think I am asking for trade secrets. I am not. I am just sincerely curious about this type of strategies since they are mentioned a lot but not many people talk about details. I would like to learn about what the general premise is, what markets are stat arb usually employed, and what kind of specific mathematical analysis is involved. Thanks in advance for any clarification.